Forex Trend Analysis Report
Prepared for you on Wednesday, January 22, 2020.
Swedish Krona/Swiss Franc (FOREX:SEKCHF)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for SEKCHF
The long term trend has been UP since Nov 7th, 2019 at 10.363
The intermediate term trend has been DOWN since Dec 31st, 2019 at 10.330
The short term trend has been UP since Jan 22nd, 2020 at 10.193
Smart Scan Analysis for SEKCHF
Based on a pre-defined weighted trend formula for chart analysis, SEKCHF scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).